Old National Bancorp Stock Momentum Indicators Minus Directional Movement

ONB Stock  USD 23.09  0.24  1.05%   
Old National momentum indicators tool provides the execution environment for running the Minus Directional Movement indicator and other technical functions against Old National. Old National value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Minus Directional Movement indicator function is designed to identify and follow existing trends. Momentum indicators of Old National are pattern recognition functions that provide distinct formation on Old National potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Minus Directional Movement indicator shows the difference between two consecutive lows of Old National Bancorp price series.

Old National Technical Analysis Modules

Most technical analysis of Old National help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Old from various momentum indicators to cycle indicators. When you analyze Old charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Old National Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Old National Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Old National Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing Old Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Old National's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Old National's intrinsic value. In addition to deriving basic predictive indicators for Old National, we also check how macroeconomic factors affect Old National price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0310.03590.03670.0242
Price To Sales Ratio3.692.862.793.86
Hype
Prediction
LowEstimatedHigh
20.9023.4125.92
Details
Intrinsic
Valuation
LowRealHigh
17.5420.0525.49
Details
Naive
Forecast
LowNextHigh
20.5223.0225.53
Details
7 Analysts
Consensus
LowTargetHigh
16.5718.2120.21
Details

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Old National Bancorp pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Old National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Old National will appreciate offsetting losses from the drop in the long position's value.

Old National Pair Trading

Old National Bancorp Pair Trading Analysis

When determining whether Old National Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Old National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Old National Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Old National Bancorp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old National. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
0.56
Earnings Share
1.65
Revenue Per Share
5.767
Quarterly Revenue Growth
0.046
The market value of Old National Bancorp is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old National's value that differs from its market value or its book value, called intrinsic value, which is Old National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old National's market value can be influenced by many factors that don't directly affect Old National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.